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Tuesday, August 3, 2010

Lenders appear more willing to consider Short Sale

Due to the recent economic climate, lenders now appear more willing to consider Shrot Sales over Foreclosures than they were just a few years ago. While Short Sales have the potential to be more favorable than a Foreclosure for both the seller and the bank, Short Sale transactions are complex and present their own set of challenges on both sides of the transaction.

from: Shawn Dauphine-Houston Realtor Magazine

Make sure you are working with a Certified CDPE which can potentially lead to less complications, a shorter time period, understanding the additional paperwork needed and less delays.

Real Estate for Sellers, Buyers and Homeowners by Ann Marie Gargano-Parks's Fan Box